U.S. spot crypto ETFs logged another heavy outflow day on June 3, with $396.6M pulled from Bitcoin funds and $53M from Ether products. Citi estimates nearly $4B has left Bitcoin ETFs since mid‑May and says flows now explain roughly 45% of weekly BTC price variation—helping drive a 16% monthly slide even as the S&P 500 gained about 5%.
Source: CoinDesk
Stripe, Visa and Mastercard near launch of joint stablecoin platform
Payments heavyweights are close to introducing a shared stablecoin platform as dollar‑pegged tokens move from crypto rails into mainstream settlement. The effort would target faster, 24/7 cross‑border flows and merchant settlement, with Coinbase exploring participation given its deep USDC footprint and white‑label capabilities.
Source: FinanceFeeds
Mastercard adds USDC, RLUSD and PYUSD for on‑chain settlement
Mastercard will support settlement in regulated stablecoins including USDC, Ripple’s RLUSD and PayPal’s PYUSD across multiple chains, enabling intraday, weekend and holiday fund movement. The expansion, alongside early bank participants, positions stablecoins as a core part of card‑network liquidity and reconciliation.
Source: FinanceFeeds
CFTC scraps 30‑year “no‑deny” settlement rule in enforcement overhaul
The CFTC rescinded its long‑standing policy that barred settling defendants from publicly denying allegations, bringing its approach in line with other federal agencies. The shift could speed resolutions, reshape how firms manage reputational risk, and materially affect crypto and derivatives cases where companies had settled without admitting liability.
Source: FinanceFeeds
Kalshi launches first CFTC‑regulated U.S. Bitcoin perpetuals
Prediction‑market operator Kalshi debuted BTCPERP, the first CFTC‑cleared U.S. bitcoin perpetual contract, offering 24/7 trading with funding‑rate alignment to spot. The onshore product brings a multi‑trillion‑dollar offshore market structure under U.S. oversight and sets up a competitive race with incumbents expanding retail derivatives access.
Source: FinanceFeeds
Europe’s first DORA review flags 3,383 major ICT incidents, rising third‑party risk
EU supervisors reported 3,383 major tech incidents across financial firms in 2025 under the Digital Operational Resilience Act, with one‑third spreading across borders. System failures led the tally, while 29% stemmed from third‑party providers—underscoring concentration risks as shared infrastructure and outsourcing deepen across payments, banking and markets.
Source: FinanceFeeds
Treasury presses Congress to pass the CLARITY Act; Bitcoin reserve advances
Treasury Secretary Scott Bessent urged lawmakers to pass the crypto market‑structure CLARITY Act this summer, framing it as key to bringing activity onshore under unified rules. He also said Treasury is proceeding with a strategic Bitcoin reserve funded largely from forfeitures—advancing a dual track of policy and balance‑sheet measures.
Source: FinanceFeeds
You May Also Be Interested In...